BUSINESS
Private LTE-5G infrastructure market to reach $5.7 bn in 2024
Private LTE/5G infrastructure is any LTE and/or 5G network deployed for a specific enterprise/industrial customer that provides dedicated access. It includes networks that may utilise dedicated (licensed, unlicensed, or shared) spectrum, dedicated infrastructure, and private devices embedded with unique SIM identifiers.
Sensex gains over 400 points; auto, metal stocks rise
The across-the-board buying was led by auto, metal and oil and gas stocks. Around 10.10 a.m., Sensex was trading at 48,991.77, higher by 427.50 points or 0.88 per cent from its previous close of 48,564.27. It opened at 48,900.31 and has so far touched an intra-day high of 49,059.82 and a low of 48,805.54 points.
Indiamart Intermesh logs 29% growth in Oct-Dec
During the corresponding period of the previous financial year, the company had reported a net profit of Rs 62 crore. Its revenue from operations rose 5 per cent to Rs 174 crore during the period under review, compared to Rs 165 crore during the third quarter of FY 2019-20, said a company statement.
Third quarter has been best performing in recent years: Mindtree CEO
For the quarter ended December 2020, revenue was at $274.1 million (growth of 5 quarter on quarter and a decline of 0.4 per cent year on year. Net profit was at $44.2 million, a growth of 28.6 per cent quarter on quarter and 59.3 per cent year on year.
12th instalment of Rs 6,000 crore released to states to meet GST compensation shortfall
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council.
Shinco TV launches Alexa-enabled TV starting at Rs 11,999
The range has been launched in two models -- SO32SF 32-inch (80cm) HD Ready and SO43AS 43-inch (109cm) -- that will be available on Amazon at Rs 11,999 and Rs 19,999, respectively, during the Amazon Republic Day Sale.
Share Market: Sensex tanks 1,000 points in 2 straight sessions
On Monday, the Nifty50 on the National Stock Exchange (NSE) closed at 14,281.30, lower by 152.40 points or 1.06 per cent from its previous close of 14,433.70 points. Sensex closed at 48,564.27, lower by 470.40 points or 0.96 per cent from its previous close of 49,034.67 points.
Uber, Lenskart to offer reading glasses worth Rs 1 crore to drivers
Uber and Lenskart are sharing the costs for offering free eye-tests, and subsidised vision correction and reading glasses worth Rs 1 crore to driver-partners across pan-India starting with Delhi NCR, for reducing potential accidents that can be caused by faulty vision.
Bharti Airtel plans to use perpetual bonds to raise $1 billion
The telecom major presented the plan to half a dozen MNC banks to target the offshore institutional investors amid excess global liquidity and softening bond yield. Despite its "perpetual" nature, Airtel would have the right to call the bonds - repay lenders - after five years since issue.
Un-fried Fryums' not 'Papad', hence taxable at 18%: Authority for Advance Rulings
In its order rejecting a petition seeking to bring irregular sized packaged snack food as referred to as un-fried fryums at par with Papad for applicability of GST, AAR said that in matter of the product under reference where no clear definition had been provided in the statute, the principle of common parlance is used.
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